BPI's current fixed rates start at 6.50% p.a. — but Nook can help you compare and refinance to as low as 5.99% p.a. for free.
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Why this matters
BPI is one of the Philippines' most trusted home loan lenders, and for 2026 they're offering competitive fixed rates: 6.70% p.a. for a 1-year fixed period and 6.50% p.a. for a 5-year fixed period. These rates apply to a wide range of loan purposes including refinancing, home equity, purchase of RFO and pre-selling units, new construction, and renovation. BPI requires a minimum monthly income of ₱40,000 and accepts borrowers from the private sector, government, BPO, OFW/seafarer, self-employed, and professional backgrounds. If you want to understand exactly what documents you'll need before applying, see our complete BPI housing loan requirements guide.
Many existing BPI borrowers took out their home loans when rates were between 8% and 10% — and have never revisited their repricing options. When your fixed period ends, your rate reprices to whatever BPI's prevailing rate is at that time, which can mean your monthly amortization increases significantly. Refinancing — either within BPI or to a new lender — can lock in a lower rate and reduce your monthly payment. On a ₱3,000,000 outstanding balance with a rate of 8.50%, you're paying around ₱26,036 per month. Dropping to 5.99% cuts that to roughly ₱21,988 — a saving of over ₱4,000 every month. Use our BPI home loan calculator to model your own numbers.
Nook is the Philippines' first digital mortgage broker, and our service is completely free to borrowers. We work with BPI Family Savings Bank as a verified partner, meaning we can submit your application directly and help you navigate approval — which typically takes around 52 days with BPI. We also compare BPI's rates against other leading lenders like Security Bank, BDO, and Metrobank so you can be confident you're getting the best deal available. Interest rates are subject to change; always verify the latest rates directly with the lender or through Nook before making a decision.
How it works
Enter your loan details into our calculator. Instantly see what banks are offering right now and how much you'd save each month. No personal information required.
If the numbers make sense, book a free call. Your consultant compares offers from 15+ banks — something that would take you weeks to do on your own — and recommends the best option for your situation.
We manage the entire application, documentation, and bank coordination. You sign where we tell you. Your new lower payment starts next month. Nook's service is completely free — we're paid by the receiving bank.
Common questions
For 2026, BPI Family Savings Bank offers a 1-year fixed rate of 6.70% p.a. and a 5-year fixed rate of 6.50% p.a. These are among the more competitive rates in the Philippine market, though Nook can help you compare them against other lenders to find the lowest available rate for your situation. Rates are subject to change, so confirm current pricing before you apply.
When your fixed rate period ends — whether that's after 1 year or 5 years — BPI reprices your loan to the prevailing interest rate at that time. If market rates have risen, your monthly amortization will increase, sometimes significantly. This is one of the most important times to review your options and consider refinancing to lock in a new fixed rate, either with BPI or through a different lender.
Yes — Nook works directly with BPI Family Savings Bank as a verified partner lender, so we can process your refinance application on your behalf at no cost to you. We'll also compare BPI's offer against other banks so you can be sure you're getting the best rate available. The typical approval timeline with BPI is around 52 days.
BPI accepts borrowers with a minimum monthly income of ₱40,000, and they lend to a wide range of employment types including private-sector employees, government workers, BPO employees, OFWs, seafarers, self-employed individuals, and licensed professionals. The maximum debt-to-income ratio is 40%, meaning your total monthly loan obligations — including the new mortgage — should not exceed 40% of your gross monthly income. For the full checklist of documents, see our BPI housing loan requirements 2026 guide.
On a ₱3,000,000 outstanding balance at 8.50% over 20 years, you're paying roughly ₱26,036 per month. Refinancing to 5.99% reduces that to around ₱21,988 — a monthly saving of about ₱4,048, or nearly ₱729,000 over the remaining loan term. Your actual savings will depend on your outstanding balance, remaining term, and the rate you qualify for, so use Nook's free comparison to get a personalised estimate.
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